{"id":698,"date":"2025-09-30T11:00:01","date_gmt":"2025-09-30T11:00:01","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=698"},"modified":"2025-09-30T13:36:45","modified_gmt":"2025-09-30T13:36:45","slug":"ambac-finalises-420m-sale-of-legacy-financial-guaranty-units-to-oaktree","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/09\/30\/ambac-finalises-420m-sale-of-legacy-financial-guaranty-units-to-oaktree\/","title":{"rendered":"Ambac finalises $420m sale of legacy financial guaranty units to Oaktree"},"content":{"rendered":"

Ambac Financial Group has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management for $420 million in cash.<\/p>\n

\"ambac-logo-new\"The cash sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to Oaktree was initially announced in early June 2024<\/a>.<\/p>\n

After several updates on the sale\u2019s timing<\/a> and a prolonged process to satisfy pre-closing conditions, the Wisconsin Office of the Commissioner of Insurance (OCI) has issued its final approval of the Form A application for the sale of Ambac Assurance Corporation.<\/p>\n

Ambac President and Chief Executive Officer Claude LeBlanc, commented, \u201cToday\u2019s announcement represents the completion of our strategic transformation into a pure-play MGA and specialty insurance platform.<\/p>\n

\u201cThis transaction marks a defining moment in our Company\u2019s history, enabling us to focus exclusively on long-term growth and value creation while building on the solid foundation we\u2019ve established since the launch of our specialty insurance business in 2020.\u201d<\/p>\n

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\"Ascot<\/a><\/div>\n<\/div>\n

Greg Share, Managing Director for Oaktree\u2019s Global Opportunities strategy, said, \u201cWe are pleased to complete this corporate carve-out in support of Ambac\u2019s transition to a pure-play MGA specialty insurance business.<\/p>\n

\u201cThis transaction underscores our commitment to partnering with companies seeking to complete successful strategic transformations. We look forward to supporting Ambac in its next phase of growth.\u201d<\/p>\n

The post Ambac finalises $420m sale of legacy financial guaranty units to Oaktree<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ambac Financial Group has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management for $420 million in cash. The cash sale of Ambac Assurance Corporation…<\/p>\n","protected":false},"author":1,"featured_media":700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/698"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=698"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/698\/revisions"}],"predecessor-version":[{"id":702,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/698\/revisions\/702"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/700"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=698"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}